Legal Opinion
TCF Banking & Savings, F.A. v. Loft Homes, Inc.
Court of Appeals of Minnesota
Decided May 16, 1989No. C8-88-2368PublishedCited by 10 opinions
1Opinion of the Court
OPINION
HUSPENI, Judge.
Mortgagor appeals from the trial court’s grant of summary judgment rescinding a mortgage foreclosure sale. Because we find a material fact issue regarding the value of unredeemed properties which re- mam available to mortgagee to satisfy the mortgage debt, interest and costs of first foreclosure, we affirm in part, reverse in part and remand.
FACTS
In May 1985, appellant Loft Homes, Inc. obtained a construction loan for $1,400,000 from respondent TCF and mortgaged four parcels of realty:
Parcel 1: Unit numbers 1269 * * *
Parcel 2: Lot 2, Block 1, Loft Homes Addition,
Parcel…
2Cases cited14 opinions
- Hauser v. MealeySupreme Court of Minnesota · 1978
- First National Bank of St. Paul v. RamierSupreme Court of Minnesota · 1981
- Peterson v. First National Bank of CeylonSupreme Court of Minnesota · 1925
- AMF Pinspotters, Inc. v. Harkins Bowling, Inc.Supreme Court of Minnesota · 1961
- Dudley v. KellerColorado Court of Appeals · 1974
9 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Jeffrey Mort Pamela Mort Fred Strefling Jeffrey Tobian v. United StatesCourt of Appeals for the Ninth Circuit · 1996
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Hughes Development Company, Inc., Francis R. Hughes, and Bernadette J. Hughes, Federal Deposit Insurance, Corporation, in Its Corporate Capacity v. Hughes Development Company Francis R. Hughes Bernadette J. HughesCourt of Appeals for the Eighth Circuit · 1991
- McNeill Family Trust v. Centura BankWyoming Supreme Court · 2003
- Petition of NelsonSupreme Court of Minnesota · 1993
- In re: Ronfin SeriesCourt of Appeals for the Fifth Circuit · 1999
5 more not listed; retrieve them via the Exa API.